Drive Wealth Management LLC Grows Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Drive Wealth Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 3.5% in the second quarter, Holdings Channel reports. The firm owned 4,220 shares of the company’s stock after buying an additional 142 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at about $31,000. Rossby Financial LCC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at about $32,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at about $34,000. Smartleaf Asset Management LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 114.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 441 shares of the company’s stock valued at $35,000 after acquiring an additional 235 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter worth approximately $57,000.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.1%

Shares of MDYG stock opened at $91.32 on Tuesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 22.35 and a beta of 1.09. The business’s 50 day moving average is $91.07 and its two-hundred day moving average is $86.43. SPDR S&P 400 Mid Cap Growth ETF has a twelve month low of $68.59 and a twelve month high of $95.51.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum.